SpendEdge, a global procurement market intelligence firm, has announced the launch of its webpage that prescribes holistic action plans to address and eliminate business risks caused due to the pandemic impact of coronavirus on the global business scenario.
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SpendEdge Launches its Webpage Dedicated to Address COVID-19 Related Procurement and Supply Chain Challenges (Graphic: Business Wire)
With the eventual closure of supply channels and restrictions imposed on the import and export of goods, the continuity of businesses across several sectors is at stake. Uncertainties that loom large across the supply chains and imposing procurement risks have not only issued the urgency of immediate implementation of coronavirus risk assessment strategies but have also exposed the weak links in the supply chain management that require to be ironed-out.
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The newly launched webpage by SpendEdge is dedicated to addressing multiple procurement and supply chain challenges that have exposed several enterprises to severe financial losses as well as production downtime. SpendEdge has taken a structured approach in developing the coronavirus risk assessment strategies while comprehending the exclusiveness of challenges witnessed across sectors. These risk assessment strategies are built on real-life inputs offered by SpendEdge’s risk mitigation experts. These inputs were derived from the experts while they worked with global organizations to help them address supply chain risks caused due to the pandemic-induced factors which are travel restrictions in certain geographies, logistics constraints, labor shortages, implications of government policies.
“Note that these solutions will have to be extremely customized for the sector, location and government responses and it is impossible to develop a ‘one-size- fits-all solution” says Vivek Sikaria, Vivek Sikaria, AVP - Custom Research (Market and Competitive Intelligence).
Request a free proposal to get direct insights from our risk assessment experts to address procurement and sourcing challenges faced in the wake of the pandemic COVID 19 outbreak.
Scopes of SpendEdge’s Coronavirus Risk Assessment Strategies
- Ongoing credible updates on the current situation and developments
- Mitigation measures for overall country-specific supply chain operations
- Travel restrictions at a country level
- Government policies (import/export bans) & implications at a country level
- Second/dual/alternate sourcing options to mitigate supply chain risks
- Quick audit of second source supply chain
- Predictive models to assess country/region wide scale of impact
- Long-term assurance of supply consulting for direct materials
- Tracking commodity price movements and shortages
- Enterprise-level business continuity roadmap consulting
Get a free demo of our procurement platform to know get instant access to SpendEdge’s industry-specific COVID-19 solutions packages.
SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-free-proposal
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